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2500 Dollars - Elizabeth II 3rd Portrait - Australian Nugget - Gold Bullion Coin
| Issuer | Perth Mint |
|---|---|
| Year | 1991 |
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| Composition | Log in to see details |
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| Technique | Milled |
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| Obverse description | The obverse features the third effigy of Queen Elizabeth II, modelled by Raphael Maklouf, in right-facing profile. The Queen is depicted wearing the George IV State Diadem, a drop earring, and a necklace, rendered with fine detail against a polished field. The portrait is set within a broad, recessed border distinguished by a continuous inner beaded border. The legend ELIZABETH II arcs across the upper field to the left, AUSTRALIA to the upper right, and the denomination 2,500 DOLLARS is inscribed along the lower border. |
|---|---|
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| Edge | Reeded |
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| Additional information |
The Australian Nugget series launched in 1986 as Perth Mint's answer to the Krugerrand and Maple Leaf, but the one-kilogram denomination existed in a category almost by itself — priced beyond casual bullion buyers and marketed almost exclusively to institutional investors and high-net-worth collectors in Asia, particularly Japan, where demand for large-format gold product was strong through the late 1980s and into the early 1990s. The 1991 date falls just as that Japanese market was beginning to contract following the collapse of the asset bubble.
From 1991 onward, the reverse design changed annually — a deliberate strategy to stimulate collector demand on top of pure bullion value. This piece retains Ian Rank-Broadley's predecessor design under the third portrait attribution.